Porsche, maker of some very nice luxury sports cars, has confirmed that it is going to do some research and development on all electric vehicles. There have been rumors about this for months, but this is the first time that Porsche has confirmed them to be true.

What we know is that Porsche is going to focus on vehicles that are entirely powered by batteries, no hybrid versions. There will be three initial R&D vehicles all based on the Porsche Boxter.